The Federal Housing Finance Agency House Price Index saw a seasonally-adjusted monthly increase of 0.7% from May to June and is consistent with the last two readings. The index is now up 3.0% year over year.

Positive numbers are good, but house prices fell very quickly over the last several years, and if only 0.7% and 0.8% monthly seasonally-adjusted increases continue, house prices will take a very long time reach the previous peak.

 

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